September 30, 2024

Third Weekly Gain for U.S. Stocks

Latest Publications Third Weekly Gain for U.S. Stocks

Emerging Markets Surge

U.S. equity gains slowed but ended higher for a third straight week as Wall Street welcomed encouragement on the inflation front that could prompt further Fed easing. Gains in Asian and European regions also boost U.S. and global support after China’s state party leaders pledged an outsized package of additional stimulus measures. Notably, Hong Kong’s Hang Seng Index had its best week in 26 years, ending up 13% on stimulus news from China.

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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.